Citizenship News
The Federation Account Allocation Committee (FAAC) has disbursed a substantial ₦2.63 trillion in April 2026, from the total revenue generated in March 2026.
The amount disbursed comprised ₦1.70 trillion from the statutory account, ₦664.42 billion from Value Added Tax (VAT), ₦200 billion from non-oil revenue, and ₦68.10 billion from solid minerals revenue.
The federal government received an allocation of ₦820.37 billion, state governments received ₦673.43 billion, and local governments received ₦481.03 billion.
Additionally, ₦129.61 billion was shared among the oil-producing states from the 13% derivation fund.
This significant disbursement reflects robust government revenue generation, heavily bolstered by high statutory and VAT collections.
Consequently, the injection of ₦2.63 trillion into the economy equips all three tiers of government with considerable fiscal liquidity, which can undoubtedly support public sector consumption and ease fiscal pressures at the state and local levels.
If effectively managed, it possesses the potential to stimulate broader economic activity.
Therefore, the federal, state, and local governments should channel these allocations towards critical capital expenditures and infrastructure projects rather than simply expanding recurrent expenditures.
Ultimately, enhanced transparency and strict accountability mechanisms must be institutionalised to ensure that these funds translate into meaningful developmental outcomes. (Nigeria Economic Update)
